The 1980s saw the most affordable housing activity in Colwyn, with both LIHTC projects completed during this decade. All four affordable housing units in the city are two-bedroom units, providing suitable accommodations for small families or individuals needing extra space.

Over the past decade, Colwyn has experienced some demographic shifts. The population has grown from 2,546 in 2019 to 2,849 in 2022, indicating a modest increase. Median income has fluctuated, rising from $54,186 in 2019 to $50,824 in 2022.

The racial composition of Colwyn has changed significantly. The Black population has increased from 83% in 2019 to 90% in 2022, while the White population has decreased from 10% to 6% during the same period. The Hispanic population has remained relatively stable, decreasing slightly from 6% to 4%.

Despite these demographic changes, there have been no new LIHTC projects in the last decade. This could be due to various factors, including potential availability of other affordable housing programs or changes in local housing policies.

Colwyn's LIHTC-funded affordable housing inventory, while small, has been a part of the community since 1987. The city's four low-income units, all two-bedroom apartments, represent a modest 0.37% of the estimated housing stock. While the city has experienced population growth and racial demographic shifts in recent years, there have been no new LIHTC projects to address potential changes in affordable housing needs. This analysis provides a snapshot of Colwyn's LIHTC-funded affordable housing landscape and its relation to the city's evolving demographics.